Studio flat for sale

We are delighted to offer for sale this exceptional and rare investment opportunity — Humber House, a prominently positioned and income-producing mixed-use property, located on Cleethorpes Road in Grimsby. The property comprises a substantial building arranged as ground floor retail with upper floor flats, together with a terrace of garages to the rear. It is fully let and generates immediate, diversified income from commercial tenants, long residential ground leases, and garage rentals.

The interest being sold is a long leasehold interest in the building. The property is held on a 189-year lease from 1st August 1963, at a peppercorn ground rent, offering secure long-term tenure without ongoing rent liability to the freeholder.

Humber House occupies a prominent corner position with access from Trinity Street. Whilst formal measurements have not been conducted, it is believed that the building extends to somewhere in the region of 970 square metres (10,442 square feet) over three floors.

The ground floor comprises what were originally eight separate retail units, but these have now been combined and are let to four individual occupiers. Units 1 and 2 are let to a sandwich bar business, producing £7,200 per annum. Units 3, 4, 5 and 6 have been combined and are let to a valuation company, also producing £7,200 per annum. Units 7 and 8 have been separately let to a kitchen paint supplier, on two leases, each generating £3,600 per annum. In total, the retail element generates £21,600 per annum and is fully let.

The upper floors contain fourteen self-contained residential flats subject to long ground leases. This means that the purchaser will collect ground rent ONLY. Thirteen of the flats are let on long 99-year leases from 1st August 1963, twelve of which have annual ground rents of £50 and one of £70. One flat is held on a 99-year lease from 2021, with a modern ground rent of £200 per annum. The total annual ground rent income from the flats is £870, offering secure income with reversionary potential in the longer term.

To the rear, there are seven brick-built garages, all of which are let at £10 per week, producing a further £3,640 per annum.

The current total annual income from the property is £26,110. Humber House offers a dependable income from multiple sources and the security of long-established leases.

The building was constructed in the 1960s and occupies a highly visible corner position at the junction of Cleethorpes Road and Humber Street, approximately 1.5 miles from Grimsby town centre. The surrounding area is well-connected, with excellent access to the A180, A46, A16 and nearby rail services.

This is a rare opportunity to acquire a long leasehold interest in a fully income-generating, mixed-use asset in a strong location. With immediate returns and long-term asset management potential, Humber House represents an excellent addition to any investment portfolio. It is ideally suited to private investors, family trusts, and property companies seeking secure returns with capital growth prospects.